LLP stands for Limited Liability Partnership, and it is a type of partnership firm where partners have limited liability. LLP registration process in India is straightforward and can be completed in the following steps:

Step 1: Obtain Digital Signature Certificate (DSC)

The first step in the LLP registration process is to obtain a digital signature certificate (DSC) for all the designated partners. A DSC is required to sign the online registration documents.

Step 2: Obtain Designated Partner Identification Number (DPIN)

Every designated partner of an LLP is required to obtain a designated partner identification number (DPIN) from the Ministry of Corporate Affairs (MCA). This is a unique identification number that is required for filing the LLP registration documents.

Step 3: Reservation of Name

The next step is to reserve a unique name for your LLP. This can be done by filing Form LLP-RUN (Reserve Unique Name) with the MCA. The name should be unique and should not resemble any existing company or LLP.

Step 4: File Incorporation Documents

Once the name is approved, the next step is to file the LLP incorporation documents with the MCA. The documents required for LLP registration include Form LLP-INC 32 (Incorporation Document and Subscriber’s Statement), Form LLP-INC 33 (LLP Agreement), and Form LLP-INC 34 (Statement of Consent and Appointment of Designated Partners).

Step 5: Obtain Certificate of Incorporation

After submitting the LLP incorporation documents, the MCA will verify the documents and issue a certificate of incorporation if everything is in order. The certificate of incorporation is the final document that confirms the formation of the LLP.

Once the LLP is registered, it is mandatory to file annual returns and other compliance documents with the MCA to maintain the LLP’s status.

In India, the Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services. GST registration is mandatory for businesses that have a turnover of more than Rs. 40 lakhs (Rs. 20 lakhs for businesses in northeastern states). Here are the steps to register for GST in India:

1. Visit the GST portal (https://www.gst.gov.in/).
2. Click on the ‘Services’ tab and select ‘Registration’ from the drop-down menu.
3. Select the ‘New Registration’ option.
4. Fill out the registration form with the required details, including PAN card, Aadhaar card, business details, bank account details, and authorized signatory details.
5. Upload the required documents, including PAN card, Aadhaar card, business address proof, bank statement, and proof of business constitution (partnership deed, company registration certificate, etc.).
6. Submit the application and wait for the application reference number (ARN) to be generated.
7. Once the ARN is generated, the application will be reviewed by the GST officer.
8. If any additional information or documents are required, the GST officer will request them through the GST portal.
9. If the application is approved, the GST registration certificate will be issued.

The process of GST registration typically takes 5-7 working days. It’s important to note that GST registration is mandatory for businesses with a turnover of more than Rs. 40 lakhs (Rs. 20 lakhs for businesses in northeastern states), and failure to register can result in penalties and fines

If You have any doubt or query regarding the Import Export Code (IEC) Registration , feel free to contact the us

CA Neeraj Bansal

+91-9718046555

In India, the Import-Export Code (IEC) registration process is governed by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry. IEC is a 10-digit code that is required by businesses for any import or export transactions.

Here are the steps to register for an IEC code in India:

1. Create an account on the DGFT website (https://dgft.gov.in/).
2. Fill out the IEC application form (Aayaat Niryaat Form ANF 2A) online.
3. Upload the required documents, including PAN card, GST registration certificate, bank account details, and a cancelled cheque or bank certificate as proof of bank account.
4. Pay the application fee of Rs. 500 through online payment modes.
5. Submit the application form online.

After submission of the application, the DGFT will review the application and documents. Once the application is approved, the IEC code will be generated and sent to the applicant via email.

The process of IEC registration in India typically takes 1-2 weeks. It’s important to note that the IEC code does not have an expiry date and is valid for the lifetime of the business.

If You have any doubt or query regarding the Import Export Code (IEC) Registration , feel free to contact the us

CA Neeraj Bansal

+91-9718046555